Automakers predict 6th year of 15 mln vehicle sales
GENERAL MOTORS CORP, FORD MOTOR and DAIMLERCHRYSLER AG expect a
sixth consecutive year of high sales of around 15 mln vehicles in
the U.S., the New York Times said. Most auto executives expressed
optimism for 1999, however, difficulties in the world's two
largest markets, Europe and North America, would create serious
problems for multinational auto makers, the Times said. "We will
see a possible slowdown but we definitely don't see a recession in
1999, as far as the U.S. and Europe are concerned,"
DaimlerChrysler's co-chairman Juergen Schrempp told the paper.
Outside the U.S. and Europe, auto sales in Japan, Southeast Asia
and Latin America have lagged far behind the U.S. and Europe.
(Reuters 07:24 AM ET 01/04/99)
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